WHERE ARE WE IN THE MARKET CYCLE?

Summary from the TLDR Crypto newsletter

This thread from Lattice Fund partner Regan Bozeman attempts to explain where we are in this crypto cycle, with a focus on where venture funds are and how they’re thinking about the cycle. Many venture funds were likely caught offside late last year as the market surged and they are now scrambling to deploy capital. Bozeman also discusses some of the market dynamics and eccentricities, such as memecoins, that venture funds and their LPs don’t have to consider in other industries.